It has been a decidedly gloomy summer, punctuated by a steady drip-feed of negative economic headlin...
It has been a decidedly gloomy summer, punctuated by a steady drip-feed of negative economic headlines. A fortnight ago, Bank of England chairman Mervyn King admitted to feeling what he considered a "chill in the economic air", and with the general consensus that conditions will get worse before they get better, King is clearly trying to prepare the UK for what he expects to be a long, cold winter. Yet, while the peak levels of inflation we expect to see by September look alarming in comparison to the inflation targets of between 2% and 3% set by the central banks, the consolation is that...
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